12th Feb 2009 07:00
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News Release |
12 February 2009
BG Group takeover offer for Pure - Update
The following announcement was issued to the Australian Securities Exchange (ASX) at 2234hrs GMT, 11 February 2009 (0934hrs EDT, 12 February 2009)
BG Group plc ("BG Group" - LSE:BG.L) notes the terms of the revised offer for Pure Energy Resources Limited ("Pure" - ASX:PES) from Arrow Energy Limited ("Arrow" - ASX:AOE) announced on 11 February 2009.
BG Group is considering its position and will advise the market of its decision before the opening of ASX trading on Wednesday 18 February 2009.
BG Group recommends that shareholders and directors of Pure take no action in relation to the Arrow offer before then.
Ends.
Notes for Editors
BG Group announced a cash offer for all the shares of Pure on 9 February 2009. For further information visit: http://www.bg-group.com/pure
About BG Group
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. For further information visit: www.bg-group.com
About QGC
QGC (ASX: QGC) is a leading and award-winning Australian integrated energy business with a strategy focused on developing its world-class coal seam gas reserves in the Surat Basin for domestic supply, power generation and export as LNG. Founded in 2000 as a junior explorer, QGC now employs more than 300 staff who are developing projects including the Queensland Curtis LNG Project. QGC is now integrated as a BG Group business. For further information visit: www.qgc.com.au
Contacts
Communications Australia
+61 (0) 417 797 419 - Hedley Thomas
+61 (0) 2 8284 9901 - John Hurst (Cannings)
Communications UK
+44 (0) 118 929 3110 - Jo Thethi
+44 (0) 791 718 5707 - Out of hours media mobile
Investor Relations
+44 (0) 118 929 3025
There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to the Company's annual report and accounts for the year ended 31 December 2007. The Company does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Related Shares:
BG..L